Global oil and gas project sanctioning is set for a monstrous 75% plus drop in 2020 from 2019 levels, as the Covid-19 pandemic has led to massive E&P spending cuts, the energy intelligence company Rystad Energy has estimated.According to Rystad Energy…
New York Governor Andrew M. Cuomo on Tuesday announced offshore wind solicitation aimed at developing up to 2,500 Megawatts of renewable energy and complementary multi-port infrastructure investment.The solicitation includes a multi-port strategy…
Baker Hughes Co posted its second consecutive quarterly loss on Wednesday and said it would continue to rein in costs in preparation for a longer period of volatility in oil prices.Oil producers halted the drilling of new wells and drastically…
U.S. oil major Chevron has agreed to buy Noble Energy, in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0…
WindServe Marine's offshore wind crew transfer vessel Windserve Odyssey, built by its sister company Senesco Marine, is embarking upon sea trials on the U.S. East Coast.The news of the vessel launch was shared Thursday by the world's largest offshore wind developer Orsted…
As part of its 2017-2022 offshore oil and gas leasing program, the U.S. administration plans to hold a 'region-wide' Gulf of Mexico lease sale in November 2020. The lease sale was originally expected to be held in August but due to the oil and gas market downturn…
U.S. energy regulators on Wednesday granted Delfin LNG a second one-year extension until September 2021 to build its proposed floating liquefied natural gas export facility off the coast of Louisiana.Delfin is one of several North American LNG…
Offshore drilling contractor Transocean has confirmed that its under-construction drillship Deepwater Atlas is expected to drill at the Shenandoah project in the Gulf of Mexico.To remind, Navitas, a partner in the project, said earlier in July…
Danish offshore wind power giant Ørsted will not be building an interconnection facility at the Fenwick Island State Park in Delaware, for the 129MW Skipjack offshore wind farm, as previously planned.A year ago, Ørsted signed a non-binding memorandum…
UK-based energy consultancy Xodus Group has appointed a US renewables vice president to head up a new office in Boston. The company said the move was in support of its plans to grow its offshore wind services across North America.Alexander Thillerup joins Xodus from Aegir Wind Solutions…
Dutch geotechnical services firm Fugro has mobilized two additional vessels off the coast of New Jersey to support its ongoing site characterization work for Atlantic Shores Offshore Wind.Atlantic Shores Offshore Wind is a joint venture between Shell and EDF working to develop a 183…
U.S. Congressman Frank Pallone, Jr., the representative for New Jersey's 6th congressional district, announced that the House Democrats’ appropriations bill for the fiscal year 2021 would ban offshore drilling in the Atlantic Ocean. In May,…
Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.Slower growth will intensify…
The U.S.-based offshore support vessel company Seacor Marine has completed the acquisition of the remaining 50 percent stake in Seacosco from affiliates of China's Cosco Shipping Group.Seacor Marine will consolidate the operating results of…
Byron Energy has completed the installation of the SM71 G platform in the Gulf of Mexico.The company said Monday that the installation of jacket and decks comprising the platform had been completed. 'The Triton Hedron derrick barge has de-mobilized…